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Guideline Value

Corporate

Guideline Value for Thillai Ganga Nagar 1st Main Road

₹5000/sq.ft.

The guideline value for Thillai Ganga Nagar 1st Main Road in Adambakkam village (Alandur SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹615 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹539 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thillai Ganga Nagar 1st Main Road

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Thillai Ganga Nagar 1st Main Road guideline value

The current guideline value of Thillai Ganga Nagar 1st Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thillai Ganga Nagar 1st Main Road has changed

Since the 2002 revision, the guideline value for Thillai Ganga Nagar 1st Main Road has seen significant changes. The value started at Rs 539 per sq.ft in 2002 and increased to Rs 615 per sq.ft in 2003. Following this, the value rose to Rs 1,250 per sq.ft in 2007, and then to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The value then climbed back to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 5,000 per sq.ft in 2024.

The changes between these revisions show a substantial increase overall, with the guideline value rising by 828% from 2002 to 2024. Notably, the jump from Rs 3,015 per sq.ft in 2017 to Rs 4,500 per sq.ft in 2023 marked an increase of 49%. The most significant rise occurred between 2007 and 2012, where the value surged by 260%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Thillai Ganga Nagar 1st Main Road is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Thillai Ganga Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thillai Ganga Nagar 1st Main Road?

The Sub Registrar Office that covers Thillai Ganga Nagar 1st Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for additional details.

How the guideline value is used when you buy or sell in Adambakkam

The guideline value is a crucial factor in property transactions in Adambakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

Buyers and sellers must be aware that the guideline value can influence the overall cost of the transaction. It is essential to check the latest guideline values to ensure compliance with registration requirements and to understand the financial implications of the property deal.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 1st Main Road?

The current guideline value of Thillai Ganga Nagar 1st Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 539 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 828%.

What is the stamp duty rate for property in Thillai Ganga Nagar 1st Main Road?

The stamp duty rate for property transactions in Thillai Ganga Nagar 1st Main Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How can I calculate the registration fees for a property?

You can calculate the registration fees for a property using our stamp duty and registration fee calculator, which provides a detailed breakdown based on the guideline value.